NCO has a JORC compliant Indicated and Inferred Resource of 7.25 million tonnes (Mt) at 1.7%Cu and 8g/t Ag for 123,250t copper (270 million lbs) and over 1.8 million ozs silver from its Ongombo deposit in Namibia.
At current market prices in-ground value of resource is in excess of 1 Billion dollars. With a bit of luck after the upcoming resource upgrade this value could be between
$ 1.2B to $ 1.5B.
Notwithstanding that we are talking about Namibia it is not too farfetched to expect a market cap of 3% of the total in-ground value of metal which would equate to a figure in excess of $30 million.
I'll leave it to you to work out the upside poterntial for this little stock !
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.351M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130418 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 1500000 | 1 |
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| Last trade - 16.21pm 08/08/2025 (20 minute delay) ? |
| AU1 (ASX) Chart |
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